$1,623,000 - $2,676,000
RENTED JAN 30, 2025

The Cortland 555 W 22nd St Unit 5 BW Floor 5 New York, NY 10011

Chelsea Neighborhood
1 Bed
1.5 Baths
1,000 Sq Ft
0.77 Acres

Last Sold November 15, 2022

Last sale price $2,050,000 $2,050 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $13,572/month

Highlights

  • Concierge
  • Steam Room
  • New Construction
  • P.S. 11 Sarah J. Garnet School Rated A
  • Indoor Pool
  • 1-minute walk to Chelsea Waterside Park

About This Home

As of January 2025

Designed by Robert A.M. Stern & Olson Kundig, curated by Related Lifestyle, drive in to your new exclusive private motorcar court, amenities have all the style and sophistication of a private members club in NY City.

West Tower Unit 5BW, the ONLY EXTRA LARGE 1 bed / 1.5 bath, open-concept living w/ formal entry gallery foyer w/ separate room and space designated for your coat closet, washer/dryer and guest powder room. Kitchen features Statuario Belgia marble countertops and backsplash, custom cabinets w/ Italian lacquer all Gaggenau appliances, range hood vent out and SubZero wine fridge, plenty of cabinets & storage space. Bedroom offers a walk-in closet, gorgeous on-suite, 5-piece bathroom w/ dual-sinks, separate shower stall, deep soaking tub providing top-of-the-line luxury living.

Highlight for many will be the elegant spa, a sumptuous space including a 75-foot swimming pool, sauna and steam room, a yoga and pilates studio, and a treatment room. The Cortland's fitness experience includes a hi-tech gym, squash court, and basketball court. The Crow's Nest, Cortland's golf simulator lounge, allows residents to experience a private game of simulated golf while being able to enjoy a fresh draft beer from the bar.

The game room is a festive space with lounge seating and activities such as ping-pong and foosball. The Beluga Pod, an uniquely crafted immersive two story children's play space area designed to stimulate children's imaginations. The inspirational Sandbox maker space features pottery wheels, 3D printers, a kitchen, and other creative tools for people of all ages.

A spacious yet intimate screening room doubles as a performance space complete with a stage while the interactive VR room provides both children and adults with a fully-equipped, high-tech system to enjoy video games and exciting content. Designing for community comes shining through in The Cortland's extensive wellness program, designed in close collaboration with resident experience specialists Related Life, truly a 5 star white glove living, on-site parking, Related Signature Concierge staff.

Broker/Owner

Last Agent to Rent the Property

Wendy Lee

Douglas Elliman Real Estate License #10301200211 Listed on: 01/03/2025

Douglas Elliman Real Estate

Co-Listed By

Michael Rosario

Douglas Elliman Real Estate License #10401337287

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $23,411

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 0.77

Parking

  • Garage

Home Design

  • Entry on the 5th floor

Interior Spaces

  • 1,000 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry in unit
  • Washer Dryer Allowed

Additional Features

  • Indoor Pool
  • North Facing Home
  • No Cooling

Listing and Financial Details

  • Property Available on 1/15/25
  • Legal Lot and Block 0005 / 00694

Community Details

Overview

  • No Home Owners Association
  • 144 Units
  • High-Rise Condominium
  • The Cortland Condos
  • Chelsea Subdivision
  • 25-Story Property

Amenities

  • Concierge
  • Rooftop Deck
  • Steam Room
  • Sauna
  • Game Room
  • Children's Playroom

Condo Details

Home Type

Condominium

Est. Annual Taxes

$23,411

Year Built

Built in 2022 | New Construction

Lot Details

0

Rental Info

  • Land Lease: No
  • Furnished: Unfurnished
  • Available Date: 2025-01-15

Listing Details

  • Exposures: North
  • Property SubType: Apartment
  • Property Type: Residential Lease
  • Neighborhood: Chelsea
  • Entry Level: 5
  • Structure Type: High Rise
  • ResoPropertyType: ResidentialLease
  • Pets No Pets Comments: CASE BY CASE,
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 25

Interior Features

  • Appliances: Washer Dryer Allowed
  • Fireplace: No
  • Living Area: 1000.0
  • Living Area Units: Square Feet
  • Basement: No
  • Basement: Other

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Bathrooms Integer: 2
  • Bedrooms: 1

Exterior Features

  • View: City, Park/Greenbelt
  • View: Yes
  • Exterior Features: Building Roof Deck, None
  • Patio/Porch Features: None

Garage/Parking

  • Garage: Yes

Utilities

  • Laundry Features: Building Other, In Unit
  • Green Building Features: Common Playroom, Concierge, Game Room, Indoor Pool, Kitchen Facilities, Sauna, Spa/Hot Tub, Steam Room
  • Cooling: No

Condo/Co-op/Association

  • Common Charge/Maintenance Fee Frequency: Monthly
  • Association: No
  • Common Interest: Condominium
  • ResoAssociationFeeFrequency: Monthly

Building Info

  • New Construction: Yes
  • Building Name: The Cortland
  • Community Features: Sauna
  • Units: 144
  • Spa Features: Sauna
  • Total Stories: 25
  • Year Built: 2022

Tax Info

  • Tax Block: 00694
  • Tax Lot: 0005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2025
Closed on
Mar 13, 2025
Sold by
Lee Wendy
Bought by
Herbatschek Dan
Seller's Agent
Wendy Lee
Douglas Elliman Real Estate
Sold Price
$11,000
Current Estimated Value
$2,220,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,209,213
Original Mortgage
$1,537,500
Outstanding Balance
$1,529,661
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$690,552

Purchase Details

Listed on
Aug 11, 2022
Closed on
Nov 11, 2022
Sold by
22Nd And 11Th Associates Llc
Bought by
Lee Wendy
Seller's Agent
The Cortland Sales Office
CORE Group Marketing LLC
List Price
$2,050,000
Sold Price
$2,050,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.74%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Herbatschek Dan $2,050,000 --
Lee Wendy $2,054,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herbatschek Dan $1,537,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2025 01/30/25 Rented $11,000 -2.2% --
01/11/2025 01/11/25 Under Contract -- -- --
01/03/2025 01/03/25 For Rent $11,250 +7.1% --
06/15/2023 06/15/23 Off Market $10,500 -- --
04/17/2023 04/17/23 Off Market $10,500 -- --
01/17/2023 01/17/23 Rented $10,500 0.0% --
01/09/2023 01/09/23 Under Contract -- -- --
01/04/2023 01/04/23 For Rent $10,500 0.0% --
11/15/2022 11/15/22 Sold $2,050,000 0.0% $2,056 / Sq Ft View Prior Sale
08/11/2022 08/11/22 For Sale $2,050,000 -- $2,056 / Sq Ft
08/10/2022 08/10/22 Pending -- -- --
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,411 $189,620 $13,221 $176,399
2024 $23,411 $187,254 $13,221 $174,034
2023 $22,517 $180,105 $12,020 $168,085
Source: Public Records

Agents Affiliated with this Home

  • Wendy Lee

    Landlord's Agent in 2025

    Wendy Lee

    Douglas Elliman Real Estate

    (917) 756-7120

    2 in this area

    14 Total Sales

    Wendy Lee
    Section Image

  • M

    Landlord's Co-Listing Agent in 2025

    Michael Rosario

    Douglas Elliman Real Estate

    (212) 362-9600

    1 in this area

    10 Total Sales

    Michael Rosario
    Section Image

  • T

    Seller's Agent in 2022

    The Cortland Sales Office

    CORE Group Marketing LLC

    (212) 688-2200

    120 in this area

    120 Total Sales

    The Cortland Sales Office
    Section Image
  • Shaun Osher

    Seller Co-Listing Agent in 2022

    Shaun Osher

    CORE Group Marketing LLC

    (917) 751-2848

    126 in this area

    156 Total Sales

    Shaun Osher
    Section Image
See All Agents

About The Cortland

Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS11026921

Real Estate Board of New York (REBNY)

APN: 0694-1126

New York New York County New York 10011 Chelsea

555 W 22nd St Unit 5 BW, New York, NY

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Real Estate Board of New York (REBNY) This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved.

RLS Data display by Homes.com LLC

Nearby Homes